Jay-z To Sign Live Nation Deal?

Rapper SHAWN 'JAY-Z' CARTER is to follow in the footsteps of MADONNA and U2 by signing a multi-million dollar (pound) deal with concert promoter Live Nation. The star is reported to be on the verge of putting his name to a 10-year contract with the company, which would see Live Nation cover the star's music and music-related businesses for the next decade. Carter would be forced to leave current label Def Jam - of which he was formerly president - to commit to the new deal, although he still owes the label one studio album. He would receive a $25 million (GBP12.5 million) upfront payment from Live Nation, plus payments of $10 million (GBP5 million) per album for a minimum of three albums and $25 million (GBP12.5 million) toward concerts and tours - and would part with a further $20 million (GBP10 million) in exchange for publishing, licensing and other rights. It is also thought Live Nation will commit $50 million (GBP25 million) to Carter's investments and Roc Nation, his entertainment venture encompassing his own record label, music publishing, consulting and management projects. Madonna signed an historic deal with Live Nation last year (07), rumoured to be worth $120 million (GBP60 million), while U2's 12-year deal with the promoter was announced earlier this week (begs31Mar08).


Tags: Jay Z - Madonna - U2


More Jay Z

We Defy You To Keep A Straight Face With Sia's Rendition Of 'Annie' Song 'You're Never Fully Dressed Without A Smile' [Video]

If anything's going to cheer you up today, let it be the heartwarming video for Sia's rendition of 'Annie' song 'You're Never Fully Dressed Without...

Musicians, Celebrities And World Leaders Unite To Fight Poverty At Global Citizen Festival

So there’s SXSW for the hipsters, Coachella for the fashionable crowd… and then there’s the Global Citizen music festival, which has a different vibe altogether....

HBO's "On The Run" Special Has Us Teary-Eyed And Loving Everything About The Carter Family

Yes, yes, yes, yes, yes. Beyonce and Jay Z’s On The Run special on HBO was everything we wanted it to be and more. The...

Jay-Z Hints Beyonce Is Pregnant With Their Second Child?

Jay-Z set the rumour mill working overtime when he appeared to slightly alter the lyrics to 'Beach is Better' whilst performing in Paris on Friday...


Beyonce and Nicki Minaj Team Up For Flawless Performance In Paris

Beyonce gave fans at her Paris concert an extra special treat on Friday night when rapper Nicki Minaj joined her on stage for a...

Beyonce Shares Backstage Video From MTV VMAs Featuring An Appearance From Blue Ivy

Beyonce has treated fans to a special look at just what went into making her MTV VMAs performance so spectacular by sharing a backstage video....

So, How Did the Queen of Pop Spend Her Birthday?

When you're Beyonce, a Tesco's Finest cake and bottle of Cava just won't cut it when it comes to birthday celebrations. It has to be...

Kanye West Goes Off At Jay Pharaoh At Made In America... And He Might Have A Point

So Jay Pharaoh’s Kanye West impersonation from the VMAs is still fresh in everyone’s mind, right? Cool. Just checking. Apparently it was still on West’s...



Jay Z Newsletter

Subscribe to this news alert service to receive news and reviews on Jay Z

Unsubscribe | Unsubscribe All